EUR/USD pressured around 1.08 as dollar attempts recovery
The EUR/USD pair has retreated from the mentioned high and is currently trading below the 23.6% retracement of its latest daily slump at 1.0840. The 4-hour chart shows that the price remains above a mild-bearish 20 SMA, although well below the 100 and 200 SMA. Technical indicators, in the meantime, remain within positive levels but losing bullish strength. Given the upbeat sentiment, chances of a downward move are limited. 1.0800 is the immediate support while bulls make give it another try on an extension beyond the mentioned daily high.
Support levels: 1.0725 1.0690 1.0650
Resistance levels: 1.0840 1.0885 1.0920
Support levels: 1.0725 1.0690 1.0650
Resistance levels: 1.0840 1.0885 1.0920
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.